Corvinus
Corvinus

Unintended consequences of crisis management

Csaba, László (2009) Unintended consequences of crisis management. Zeitschrift für Staats- und Europawissenschaften, 7 (3-4). pp. 450-470.

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Abstract

This contribution attempts to decipher the largely unintended, still predictable consequences of crisis management in the global economy. In a series of improvised, case-bycase and unilaterally demand-focused measures, governments tried to extend the Keynesian arsenal to a system whose basic features are unlike those of the national economy. While the collapse of output and employment, on par with the Great Depression, could indeed be averted, conditions for the resumption of sustainable finance and growth have been undermined.

Item Type:Article
Subjects:Economic policy
Economics
ID Code:713
Deposited By: Ádám Hoffmann
Deposited On:29 Jun 2012 12:13
Last Modified:03 Jul 2012 01:27

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